RNB to sell Polarn O. Pyret to Procuritas

fashionunited March 11, 2021 rnb 74
RNB to sell Polarn O. Pyret to Procuritas

RNB has announced that the company reached an agreement to sell Polarn O. Pyret to Procuritas for a preliminary value of 330 million Swedish krona.

RNB to sell Polarn O. Pyret to Procuritas By Prachi Singh 1 hour ago RNB Retail and Brands AB has announced that the company reached an agreement to sell Polarn O. Pyret to Procuritas for a preliminary value of 330 million Swedish krona on a cash and debt-free basis. During the past years pandemic, Polarn O. Pyret has proved that the company has an attractive offer and that it remains resilient and very competitive in e-commerce. The sale is the result of all the hard work in making the company better equipped for the future. I am confident that Procuritas will be a great steward of Polarn O. Pyret, said Kristian Lustin, CEO of RNB Retail and Brands. The company had previously announced a process to separate the group subsidiaries and ultimately divest the subsidiaries to stable and suitable owners. The company divested the business of Departments & Stores earlier this year. Image: Polarn O. Pyret, Facebook

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